Users can now buy 24 karat gold securely from their phone
Gold is core to Indian culture and tradition, making India the world’s second largest consumer of gold. Indians buy gold to mark auspicious occasions each year.
To make Google Pay even more useful, you can now buy and sell gold, securely from your phone, right within Google Pay!
Backed by MMTC-PAMP India, the country’s only LBMA accredited gold refinery, users can buy 99.99% 24 karat gold, right within the app. The gold, which can be purchased for any value, is stored on behalf of the user, by MMTC-PAMP, in secure vaults and can be sold at any time at the latest price, refreshed every few minutes, as displayed on Google Pay.
Buy gold securely on Google Pay with a few taps
This feature is created for millions of Indians who buy gold especially during festivals like Akshaya Tritiya, Dhanteras or Diwali. Now, the purchase of gold is possible, right on your mobile phone, from wherever you are. No need to visit a jeweller during a busy festive occasion.
We’re very excited to design this feature especially to meet specific needs of Indian users, and we look forward to learning from your feedback!
Posted by Ambarish Kenghe, Director - Product Management, Google Pay, India
